HUDACO INDUSTRIES LIMITED - Directors dealing in securities

Director’s dealing in securities

Hudaco Industries Limited
(“Hudaco” or “the company”)
Incorporated in the Republic of South Africa
Registration number: 1985/004617/06
Share code: HDC
ISIN code: ZAE000003273

DIRECTOR’S DEALING IN SECURITIES

 Name of the company                :   Hudaco

 Name of director                   :   CV Amoils

 Designation                        :   Financial director

 Date of transactions               :   12 July 2019

 Nature of transaction 1            :   Automatic exercise at expiry date of
                                        9 000 share appreciation rights with a
                                        strike price of R81.50 under the Hudaco
                                        Industries Share Appreciation Plan at a
                                        VWAP price of R120.80.

                                        Settled by the delivery of 2 961 Hudaco
                                        ordinary shares (off market).

 Value of transaction 1             :   R357 688.80

 Nature of transaction 2            :   Sale of 1 333 Hudaco ordinary shares at
                                        the current market price of R117.85 per
                                        share (on market) to settle the tax
                                        liability arising on transaction 1.

 Value of transaction 2:            :   R157 094.05

 Nature of interest                 :   Direct beneficial

 Written clearance obtained         :   Yes


Edenvale
15 July 2019

Sponsor
Nedbank Corporate and Investment Banking

Date: 15/07/2019 02:35:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.